Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.13 | 0.77% |
| Return on Equity (%) | ▲ | 11.61% | +1.16 | 10.45% |
| Net Interest Margin (%) | ▲ | 3.85% | +0.23 | 3.62% |
| Efficiency Ratio (%) | ▲ | 73.69% | -5.40 | 79.09% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.84 | $2 |
| Cost of Funds (%) | ▲ | 1.52% | -0.19 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,014 | +55.67 | $958 |
| Gross Loans ($M) | ▲ | $799 | +23.15 | $776 |
| Loan Growth YoY (%) | ▼ | 86.93% | -4.05 | 90.98% |
| Total Deposits ($M) | ▲ | $908 | +65.90 | $843 |
| Shareholders Equity ($M) | ▲ | $79 | +7.36 | $71 |
| Tang. Book Value ($M) | ▲ | $70 | +7.44 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +7.78 | $67 |
| Loan / Deposit Ratio (%) | ▼ | 86.93% | -4.05 | 90.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.09% | +0.45 | 0.64% |
| Allowance / Loans (%) | — | 1.14% | -0.04% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 1.28% | +0.53 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.45% | +0.14 | 11.31% |
Noninterest income ($2.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▆▆▇█ | Net Interest Margin (%) | 3.31% | 3.33% | 3.37% | 3.62% | 3.67% | 3.70% | 3.74% | 3.85% |
| ▁▃▄▇████ | Return on Assets (%) | 0.01% | 0.28% | 0.46% | 0.77% | 0.81% | 0.89% | 0.92% | 0.90% |
| ▂▃▂█▅▂▂▁ | Efficiency Ratio (%) | 74.6% | 75.2% | 74.9% | 79.1% | 76.7% | 74.8% | 74.9% | 73.7% |
| ▇█▇▄▂▃▂▁ | Cost of Funds (%) | 1.91% | 1.99% | 1.89% | 1.71% | 1.63% | 1.67% | 1.59% | 1.52% |
| ▁▁▁▁▁███ | NPA / Assets (%) | 0.63% | 0.67% | 0.68% | 0.64% | 0.62% | 1.10% | 1.13% | 1.09% |
| ▁▂▂▁▁███ | Net Charge-Off Ratio (%) | 0.74% | 0.81% | 0.81% | 0.75% | 0.72% | 1.31% | 1.32% | 1.28% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $58 | $61 | $61 | $62 | $64 | $66 | $69 | $70 |
| ▁▁▄▃▇█▇█ | Gross Loans ($M) | $765 | $766 | $781 | $776 | $791 | $796 | $794 | $799 |
| ▁▁▁▄▇▇▇█ | Total Deposits ($M) | $801 | $809 | $814 | $843 | $883 | $895 | $893 | $908 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 14% |